Business onboarding depends on knowing whether a business is real and is what it claims to be. A slow answer costs conversions, and a wrong answer costs fraud losses and compliance findings. The data behind the answer sits scattered across registries, filings, and watchlists in every jurisdiction you operate in.

Markaaz consolidates that picture. Its business identity and intelligence platform helps organizations legitimize and verify business identities, understand ownership and corporate relationships, and identify risk on more than 542 million business entities across 200+ countries and jurisdictions. Through Oscilar's marketplace integration, that business identity data is available where the onboarding decision actually happens.

What the decision sees

With Markaaz data and intelligence in the flow, an Oscilar business onboarding decision can weigh individual business signals - including identity, operational status, industry classification, financial health, corporate relationships and ownership, and compliance risk indicators - alongside other factors to determine whether a business is legitimate, meets your regulatory requirements, and satisfies your eligibility criteria. So, legitimate businesses are approved quickly and the rest route to review with the evidence already attached to simplify due diligence.

Onboarding that keeps watching

We commonly hear that the pain point is that alerting isn’t proactive, most companies suffer with a lack of automation or tooling, and researching and verifying what's changed is problematic. 

These are the signals most customers are obligated to keep tabs on to be compliant and reduce risk:

• Ownership or influential business changes.

• Formations and acquisitions, DBAs, and legal name changes.

• Financial health changes and risk like growth, insolvency, and bankruptcy

• Operating status or address changes

• New industry codes, like the business has expanded to offer new services. Sometimes these are high-risk and would render the business ineligible for the company's customer criteria.

To learn more about how Markaaz and Oscilar can together help your business, visit our marketplace.